Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Gordon Brown Takes Over From Tony Blair - Any Difference?

Politics / UK Politics Jun 27, 2007 - 01:01 AM GMT

By: John_York


The long goodbye is over, Tony Blair steps down as the British Prime Minister today and looks set to embark on a long cruise to the Mediterranean to help, did I say help ?, Apparently to help find peace in the middle east on behalf of the Quartet group (USA, EU, UN and Russia).

But now, finally, Gordon Brown, the man who has engineered 10 years of prosperity for Britain has his hands fully on the levers of power. What differences can we expect ?

IRAQ - It is likely that Gordon Brown will hasten the draw down of troops in Iraq, as Gordon Brown definitely will not want to be seen as George Bushes new poodle. Though this is likely to be easier going as George Bush also moves towards the end of his presidency.

Economy - Brown should do well on the economy, the problem here is that even though he has been the chancellor, he is a bit to the left of Tony Blair, so we may see some drift towards an 'socialist' agenda, the degree to which is not clear, but definitely we can expect some sort of redistribution of wealth towards the poorer citizens.

Public Spending - Unfortunately whoever becomes chancellor is going to be pretty weak in the face of the public spending plans Gordon envisages for his legacy. The big question mark is whether these big spending plans will pay off or not. Will he be as lucky as Tony was ?

International Issues - Gordon Brown is expected to be more focused on domestic issues than be so easily wooed by trips abroad. Which is a plus for Britain but likely to put a strain on the 'special' one sided relationship with the US. He is also more pro-europe though not to the extent that he would risk un doing the reforms that have enabled the UK to enjoy a 10 year long boom.

Lessons Learned - Hopefully Gordon will have learned from the many mistakes of Tony Blair, i.e. the perpetual spin that voters tired of, inability to recognise when he was wrong, taking his eye off the ball on domestic issues etc.

The Next Election - Given the competition, i.e. a weak and rambling David Cameron, who even earlier today had to face the highly embarrassing defection of a senior Tory MP, Quentin Davies, with the statement "Cameron's conservative party appears to me to have ceased collectively to believe in anything, or to stand for anythingā€¯. Implies that the next election is already won, unless a miracle happens for the Tory party.

What ever Gordon Brown does with his premiership, one things for sure, we are in far safer hands then we ever were when Tony Blair was Prime Minister ! The only question mark is whether he will be too powerful for his own good. Given that it will take time for the next Chancellor to exert his own identity as a future successor to Gordon Brown.

By John York
(c) 2005-07. All rights reserved.

The Market Oracle is a FREE Daily Financial Markets Forecasting & Analysis online publication. We present in-depth analysis from over 100 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction.

John York Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in